Swimming Pool Financing Made Easy

The investment of a new American Fiberglass Pool can be the beginning of a lifetime of family fun, friendly get togethers, birthday bashes, and BBQ’s!  When considering you dream pool, think about your budget and explore the different avenues you can take to finance your pool purchase.  Of course you want to get the most bang for the buck and that’s exactly what American Fiberglass Pools intends to provide.  Here is a guide to help you understand and obtain the best swimming pool financing.


When you purchased your home, you likely financed your purchase with a long term mortgage.  Your new American Fiberglass Pool can be financed the same way.  Most lenders classify a new pool as a permanent improvement to your property that is very likely to increase the property value.  In most cases, they are willing to finance your pool for up to 15 years.  Because you can finance your American Fiberglass Pool over a longer period than a car, your monthly payments are lower.  This means you might want to get a bigger pool or add more options.


Home improvement loans are secured by your property.  In most cases the interest will be tax deductible.  Who among us can’t use a few more deductions?  It is always best to consult with your accountant or tax advisor if you wish to confirm the deductions.


a. We have many lending sources.  All are very familiar with pools.  Each of these lenders work on providing quick approvals and offer programs that work best for most families like yours.

b. Most of our lenders do not require appraisals.  These take time and can cost usually around $500.  Most of our lenders will determine your property value by the purchase price or a recent tax assessment.

c. Home improvement loans typically require you to have 10-20% equity in the property.  On occasion a down payment will off-set any equity short comings.  This type of lending does not require pre-payment penalties.  Some lenders will “add back” up to 50% of the cost of the pool to increase your equity.

d. Unsecured loans:  There are lenders that will provide these types of loans as well.  Of course, without the security of your property, the loan is strictly credit driven.  You must have excellent credit and expect to pay a little higher interest rate than a secured loan.  Our unsecured lenders do not charge a pre-payment penalty.


While every pool buyer’s situation is unique, every pool installation is also unique.  At times some folks want short term loans, some want longer term loans with lower monthly payments.  Some pool buyers want to finance only the pool while others want to also include fencing and landscaping.  American Fiberglass Pools has lenders that are flexible enough to meet 90% of our clients that apply and have lenders in all 50 states.  We are happy to share our various programs with you.  Call us at 800-324-7665 or send us a reply us here for additional information.

24 Responses to “Swimming Pool Financing Made Easy”

  1. Daniel S. says:

    Our credit scores are in the 640 range. We have lived in our home for 11yrs. Our remaining mortgage is $173400 with our last appraisal [1.5yrs. ago] at $236,775.
    Based on this information, do you think that you have a lender that will approve us?
    We really want a pool badly, your answer is very appreciated.

    • R. Wayne Stringer says:

      Daniel, Based on the information you provided, sounds like you will be a good canidate for approval. Call me at 800-324-7665 and we can talk more specifics. We definitely want your family to enjoy a beautiful, affordable, VERY LOW maintenance American Fiberglass Pool this year!

  2. Rita Sykes. says:

    I live in Oklahoma near OK City. Do you have a finance plan that is available here? Also, I am confused about why the vinyl pools I have priced are so much lower cost to have built? You seem to have lots of answers to many other questions, so can you enlighten me on this one?

    • R. Wayne Stringer says:

      Hi Rita, Our financing is available in some form in all 50 states. As for your other question, liner pools require liner replacement every few years and is typically $4000 – $6000 each time. The fiberglass pool is permanent and thus uses much more expensive materials to construct.

  3. Mr. Wilson says:

    Are there minimum amounts that the lenders you write of want to finance? Can the terms be as little as 3 years?
    Why are some of these loans tax deductible?

    • R. Wayne Stringer says:

      Mr. Wilson,
      Thanks for your questions! We have access to financing for as little as $10,000. The terms are flexible from 3 years to 15 years depending on how much you wish to borrow. Home improvement loans that are secured by your home have typically tax deductible interest. Check with your accountant or CPA for the details.

  4. Wrightway says:

    How difficult is it to get pool financing on Mississippi?
    We live in a rural area near Tupelo. Is it easier to get a loan if you are in a city?
    How long does it take the average loan to be approved?

    • R. Wayne Stringer says:

      Pool financing is available in all 50 states. Rural areas are usually not much different to get pool loans than urban areas. Typically pre-approval is in place in 2-3 days. Final approval and closing usually takes 2-3 weeks.

  5. oneandonly says:

    Don’t pool companys take checks or cash anymore? Why all the fuss about financing? Can’t I get a nice discount if I pay cash?

    • R. Wayne Stringer says:

      Absolutely pool builders take checks, cash, and some take credit cards. Every builder is different so ask them about cash discounts.

  6. roger says:

    When financing can the interest rate be negociated? Will pool builders also do this?

    • R. Wayne Stringer says:

      Pool finance interest rates are based on several things including credit score, debt ratio, equity in home, and your income. As for your 2nd question, I assume you are asking if pool builder prices can be negotiated. I would say yes 90% of the time.

  7. Roberto says:

    Does the financing you offer work in Florida where we have so many issues with the real estate market? So you know,we are in Tampa/St Petersburg area.
    Gracias, Rob

    • R. Wayne Stringer says:

      Yes, pools can be financed in Florida. Again, financing approval involves many factors including credit score, debt ratio, (the amount of your bills) equity, and income. In many cases if you have excellent credit and good income, one of the remaining factors is not as important.

  8. Hobie Scat says:

    How does the application process go for a pool? What documents will they want?
    Where do we sign any papers to get the loan?

    • R. Wayne Stringer says:

      Most lenders require a credit application and a sales agreement on the pool to be submitted at the same time. Typical docs include proof of income and proof of insurance on the home. Most closings take place at the bank location nearest you, at a lawyer’s offce, and in some states, right there in your home.

      • Giovanni says:

        Rock removal is ommcon in your area. It does effect the cost of the excavation. Over the years we have installed hundreds of pools in your area. The rock conditions do not effect the American Fiberglass Pool Limited Lifetime Warranty in anyway. You likely should plan on construction taking 21-30 days since rock removal can sometimes take a week or so.

        • R. Wayne Stringer says:

          Rock is common in some areas of the country. You are also correct that rocky conditions do not effect the American Fiberglass pool warranty in any way.

  9. Stace says:

    Wayne, We wanted to thank you for turning us on to the unsecured financing program. We were able to get enough money to pay for our pool PLUS to pay off some high interest credit card balances PLUS put 9K in the bank for a rainy day.

    The entire process was smooth and took less than 8 days to finish.
    Once all this rain stops, we are ready to begin the pool construction and start planning our very first swim party. We hope you will be able to join us Wayne!
    Stace and Laura

    • R. Wayne Stringer says:

      You are most welcome regarding our financing tip! The process is always smoother when you are able to promptly provide them with requested information like y’all did. Your pool is scheduled to begin next week and I will certainly check with my social director about attendence of your inaugural pool celebration.

  10. Olu says:

    Thank you Wayne for the introduction to the finance company for to build our new pool.
    All the process was easy and happened in only 6 days.

    • R. Wayne Stringer says:

      You are most welcome senor! Good credit and providing the docs the finance folks as for is the reason it only took 6 days to get your family’s beautiful, affordable, VERY LOW maintenance American Fiberglass Pool financed so quickly.

  11. Santanu says:

    In todays rakmet you will not find such a loan. THIS is just the kind of individuals who are in such hot water now. Nothing down, no savings, a credit rating that is shot to heck. Instead of working on the credit rating you want to buy something else.Fix your credit then go house shopping.

    • R. Wayne Stringer says:

      Sorry to say that you are incorrect. We have many lenders available for swimming pool loans. Most buyers can fit one or more of the programs available. Either secured or insecured.